In my limited reading about the accounts, the premise is that they are a measure of production over a given period of time, not progress or well-being. As a measure of production, in recent years there has been some effort to grapple with non-market amenities in the so-called 'green accounts,' published as an addendum and not integrated into the official Account.
I'm of course aware of how often GDP is cited as an indicator of progress. On Tue, Mar 19, 2013 at 9:28 PM, Tom Walker <[email protected]> wrote: > The last time I saw Jonathan Rowe was in October, 2010. I was on a > writer's retreat at the Mesa Refuge in Point Reyes, California and Jonathan > dropped by to borrow the pick-up truck. We got into one of those intense > conversations you can only have with someone who has cared and thought long > and deep about the things you have cared and thought long and deep about. > > Jonathan died on March 20th of the following year. On a Saturday he came > home from the gym with a fever. The fever got worse so he went the > hospital. Sunday morning he died. > > Last week, when I heard that Jonathan's book, *Our Common > Wealth<http://jonathanrowe.org/common-wealth> > *, was out, I ordered a copy right away. Then I searched around on the > web and pinched a galley proof so I wouldn't have to wait for the shipping. > I was especially eager to read Chapter 12, "Accounting for Common Wealth" > and Chapter 17, "Reallocating Time." > > Back in 1995 Jonathan was one of the co-authors of an *Atlantic Monthly* > article, "If the GDP is up, Why is America > Down,"<http://www.theatlantic.com/past/politics/ecbig/gdp.htm> a > great riff on the title of Richard Fariña's novel, *Been Down So Long, It > Looks Like Up To Me*. I don't usually hoard old magazines – in fact, I > rarely even buy magazines. But I still have that October 1995 issue of the > *Atlantic*. > > Jonathan's article explained a lot of what's wrong with the economy and > what's wrong with economics: "Once you start asking 'what' as well as 'how > much' -- that is, about quality instead of just quantity -- the premise of > the national accounts as an indicator of progress begins to disintegrate, > and along with it much of the conventional economic reasoning on which > those accounts are based." > > Read more... > http://econospeak.blogspot.ca/2013/03/income-growth-and-double-counting.html#more > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > >
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